Investcorp sells Breguet to Swatch

Investcorp SA has exited from its 1987 acquisition of luxury watchmaker Breguet through a trade sale to Swatch Group for an undisclosed sum. Under Investcorp's ownership, unit sales of Breguet's watches have grown ten times. The Breguet brand will remain intact and join Longines, Omega and the thirteen other brands which comprise the Swatch Group.